FIRST NATIONAL BANK OF EAST BATON ROUGE Failed 1989
What happened
FIRST NATIONAL BANK OF EAST BATON ROUGE of BATON ROUGE, LA was closed on 1989-05-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE FIRST NATIONAL BANK IN (MORGAN CITY, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2367
- FDIC Certificate
- 24318
- FDIC FIN
- 4013
- Bank name
- FIRST NATIONAL BANK OF EAST BATON ROUGE
- Location
- BATON ROUGE, LA
- Failure date
- 1989-05-04
- FDIC resolution date
- 1989-05-04
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $30M
- Assets at failure
- $28M
- Acquiring bank
- THE FIRST NATIONAL BANK IN (MORGAN CITY, LA)
Other banks THE FIRST NATIONAL BANK IN acquired in FDIC resolutions